NYSE$SMHI

SEACOR Marine Holdings Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Announced first quarter 2020 results

SEACOR Marine's first quarter revenues were $41.7 million, operating loss was $24.6 million, and net loss attributable to SEACOR Marine Holdings Inc. was $15.9 million ($0.66 loss per basic and diluted share).

  • Average dayrates, excluding those for the crew transfer vessel fleet, increased to $11,157 in the first quarter of 2020 from $11,071 in the fourth quarter of 2019.
  • SEACOR Marine closed its acquisition of the remaining minority interests in Falcon Global Holdings LLC, increasing its ownership stake to 100%.
  • First quarter results include one-time restructuring charges of $0.5 million from the Company’s continuing cost reduction initiatives.
  • First quarter revenues saw limited impact from COVID-19 and the drop in oil prices.

Headline financials

Total Revenue

$41.7M

Previous: $56.2M-25.8%
EPS (adj)

-$0.66

Previous: -$1.11+40.5%
Fleet Utilization

57.0%

Previous: 57.0%+0.0%
Capital Expenditures

-$11.2M

Previous: -$21.2M+46.9%
Free Cash Flow

-$27.2M

Previous: -$46.7M+41.8%
Net Income

-$15.9M

Previous: -$25.5M+37.6%
Operating Income

-$24.6M

Previous: -$21M-17.2%
Gross Profit

$17.1M

Previous: $12M+43.0%
Cash & Equivalents

$69.2M

Previous: $63.9M+8.4%
Total Assets

$967M

Previous: $1.11B-13.1%

Revenue & EPS history

SEACOR Marine · Revenue · Quarterly

$41.7M

Q1 2020-25.8%vs Q1 2019
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

SEACOR Marine · $54M total across 3 segments · Q2 2022

  • Time Charter
    $49.5M
  • Other Marine Services
    $4.47M
  • Bareboat Charter
    $48K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.5%

Avg return

Earnings day

-2.9%

Avg return

5 days after

+2.3%

Avg return

30 days after

41%

16 / 39 earnings

Positive

+15.9%

Q4 2023

Best reaction

-18.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-0.7%-0.1%
Q4 2025-8.0%-6.4%-7.3%
Q3 2025+3.3%+14.0%+17.5%
Q1 2025-0.2%+4.8%+12.9%
Q4 2024+4.4%-7.9%-9.5%
Q3 2024-18.7%-20.2%-17.8%
Q2 2024-9.5%-21.1%-15.4%
Q1 2024+2.5%-4.2%+7.7%
Q4 2023+15.9%+14.9%+33.4%
Q3 2023-1.7%-1.9%-10.3%
Q2 2023-3.6%+1.4%+8.3%
Q1 2023+4.5%+7.4%+16.2%
Q4 2022-6.6%-7.7%-29.8%
Q3 2022-4.1%-5.0%+15.4%
Q2 2022-2.9%-0.6%+2.4%
Q1 2022-1.0%-4.1%+15.0%
Q4 2021+0.3%-13.1%+34.1%
Q3 2021+6.3%+6.3%-15.8%
Q2 2021+5.6%+3.3%+10.3%
Q1 2021-3.9%-10.5%+10.8%
Q4 2020+4.2%-2.4%-8.0%
Q3 2020+7.1%+2.9%+26.5%
Q2 2020-2.3%+8.2%-2.3%
Q1 2020-13.3%-22.4%+63.1%
Q4 2019-1.1%-19.6%-44.1%
Q3 2019+0.3%-8.0%-10.3%
Q2 2019+2.6%-1.6%+8.2%
Q1 2019-5.7%+0.1%+1.8%
Q4 2018-10.4%-4.1%+2.7%
Q3 2018+1.9%+1.9%-12.0%
Q2 2018-3.2%-0.8%-6.9%
Q1 2018-5.4%-8.3%-8.8%
Q4 2015-3.3%-2.4%+19.6%
Q4 2017-3.3%-2.4%+19.6%
Q3 2017-5.8%-7.3%-12.8%
Q2 2017-7.5%-13.5%-14.2%
Q1 2016+2.1%+6.1%-2.8%
Q1 2017+2.1%+6.1%-2.8%
Q4 2016+2.1%+6.1%-2.8%

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